Walmart saved millions from elder gift card scams

A gift card display stands at a Walmart Inc. store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Technology developed by Walmart helped the retail giant identify and freeze nearly $4 million in gift cards that had been bought by thousands of primarily elderly victims at the direction of con artists who … Read more

Car Dealerships Are Getting Bigger And Bigger

Dealerships in America keep getting bigger and bigger, with consolidation on the rise. All that and more in The Morning Shift for April 4, 2022. 1st Gear: Consolidation Is Up The industry trade that is Automotive News reports a lot on the business of car dealerships, and this year’s report is that consolidation is continuing … Read more

CEO of Robinhood rival shines fresh light on what retail investors are doing. Wall Street needs to pay attention.

From the start of the COVID-19 pandemic two years ago, a newish crowd of retail investors emerged, pouring extra cash into equity markets and steering Wall Street into places they never dreamed of, such as meme stocks. Our call of the dayfrom the founder and chief executive officer of competitive stock trading app Zingeroo, says … Read more

Ford’s first quarter sales fall 17% as automaker battles chip shortage

An employee works on the 40 millionth Ford Motor Co. F-Series truck on the assembly line at the Ford Dearborn Truck Plant on January 26, 2022 in Dearborn, Michigan. Jeff Kowalsky | AFP | Getty Images DETROIT – Ford Motor’s US sales of new vehicles declined 17% during the first quarter, including a 26% slide … Read more

5 things to know before the stock market opens Monday, April 4

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks higher but key Treasury spreads remain inverted Traders on the floor of the NYSE, March 31, 2022. Source: NYSE US stock futures rose modestly Monday, with the tech-heavy Nasdaq looking the strongest. Twitter shares … Read more

Tiger Woods turns up at Augusta National in FootJoy golf shoes, not Nike

A detail of the shoes of Tiger Woods of the United States as he warms up in the practice area prior to the Masters at Augusta National Golf Club on April 03, 2022 in Augusta, Georgia. Gregory Shamus | Getty Images Tiger Woods didn’t wear the iconic Nike swoosh on his feet when he stepped … Read more

Jamie Dimon says inflation, Ukraine war may dramatically increase risks for US

Jamie Dimon, CEO of JPMorgan Chase speaks to the Economic Club of New York in New York, January 16, 2019. Carlos Allegri | Reuters Jamie Dimon, CEO and chairman of the biggest US bank by assets, pointed to a potentially unprecedented combination of risks facing the country in his annual shareholder letter. Three forces are … Read more

Howard Schultz suspends Starbucks’ share buyback program

“Starting immediately, we are suspending our share repurchasing program,” Schultz wrote in an open letter to Starbucks employees, customers and others which was published early Monday. “This decision will allow us to invest more into our people and our stores — the only way to create long-term value for all stakeholders.” Monday marks Schultz’s first … Read more

Denzel Washington speaks publicly about Will Smith Oscar slap

CNN — Denzel Washington spoke publicly about his interaction with Will Smith on Oscar night and what happened after Smith slapped Chris Rock on stage. Washington was a guest and speaker at Bishop TD Jakes’ leadership summit on Saturday. During the two-hour discussion about faith and his award-winning acting career, Washington was asked about the … Read more

China’s BYD ends full combustion engine cars to focus on electric, plug-in hybrids

A BYD Co. electronic vehicle (EV) is charged at an EV charging station at the company’s campus in the Pingshan district of Shenzhen, China. Brent Lewin | Bloomberg | Getty Images China’s largest electric vehicle (EV) maker BYD said that as of last month it stopped making combustion engine vehicles and now produces full electric … Read more